Oddz’s Degenite Quarterly Chronicle [#1]
Oddz Mainnet Carnival is Live. Win Up to $100,000 in Rewards!
Hello Frens!
We are very excited to present to you our first Degenite Quarterly Chronicle, in which we take a quick look back at what we accomplished in the previous quarter (or just a few months back maybe).
So, we got off to a great start with our mission to elevate DeFi by incorporating a derivatives model and thus built Oddz Finance. Our primary goal was to make DeFi Structured products available to the masses.
We started Oddz with the intention of educating the audience on Crypto options, but the growth curve was not only limited to that, but also to our product, where we achieved many milestones that surprised us.
Here are a few of them that made this quarter shine:
- Bloktopia and the Oddzverse
- $1 million liquidity added on Oddz Liquidity Pool
- The $5.8 Billion Testnet Numbers
- Launch of Options v2
- The 3 months Milestone
- Launching of the DEX integration package
- Series of Buybacks (as promised)
- Powerful launch of the Avalanche Mainnet
- Entry into the Pangolin DEX
- Farms incoming [Spoiler Alert]
- Mainnet Carnival is Live. Win Up to $100,000
Bloktopia and the Oddzverse
Oddz collaborated with Bloktopia to bring its dream-like financial fantasyland ‘Oddzverse’ into virtual reality. Based on the concept of the metaverse, the platform allowed Oddz to own a real-time workstation with advertisements and events creating opportunities for users. Bloktopia leverages technology to create stunning visualizations and exceptional user experiences.
The launch of a proper Oddzverse is scheduled for Q2 2022, and to make this a reality, we’ll soon be announcing exciting partnerships and integrations to take the concept of a financial metaverse to the next level. All we request is to stay tuned for our upcoming developments.
$1 million liquidity added on Oddz Liquidity Pool
A beneficial 1 Million liquidity was locked on Oddz Liquidity Pool. The $1 Million worth $ODDZ was burned and locked in the vesting contracts for 3 years scaling down the circulation supply.
The $5.8 Billion Testnet Numbers
Oddz achieved massive numbers for our Avalanche testnet. Everything went great with over 17,000 people participating in the testnet. The program was special for us since we tested our options v2 version, which had two incredible features: the options strategy and secondary market.
And, both the features played out well for us as we saw more than $5.8 billion in $AVAX options being traded on the Testnet in just three weeks along with $BTC and $ETH volumes hovering at $458 million and $206 million, respectively. Moreover, our strategies generated a return of more than 200% for our traders (that too in just 3–4 weeks of time).
You may have a look at the astounding results we achieved in our testnet:
Launch of Oddz Options v2
We unveiled our Oddz Options v2 features with our testnet, where we presented our new v2 features geared towards our users. The ultimate goal here was to take Oddz to the next level with unique features like deviation-based pools, secondary markets, advanced strategies, auto exercised options, and dynamic APY. This is now active on our Mainnet as well, so make sure to check it out here.
Oddz reaching 2000 options Milestone [In Just 3 Months]
Oddz reached a new milestone in December when our platform reached 2000 options! Since then, the number has steadily increased as more individuals have joined in. With the introduction of the Avalanche Mainnet, we expect to break all past records and kick off a new era for Oddz-Avalanche integration.
Launching of the DEX integration package
Oddz has also released its DEX integration package in an effort to invite all DEXs in the cryptoverse to come and build with us. Our goal is to bring options trading to all DEXs on every chain, giving them the benefit of hedging against market risks. The options market in TradFi is worth trillions of dollars, and we want to bring it to DeFi and make it available to everyone in the space. Oddzians get ready for the future!
Series of Buybacks (As Promised)
We have successfully completed a number of Oddz token buybacks since the company’s inception. Furthermore, we promise to keep this going for the benefit of our community and holders.
Powerful launch of the Avalanche Mainnet
Oddz has officially released its Avalanche Mainnet. Users may now use the Avalanche network to access the Oddz App and trade options. Avalanche offers users advantages such as low gas fees and quick transfers and transactions. Users may also participate in the ecosystem by routing to Pangolin DEX on the Avalanche network.
Entry into the Pangolin DEX
Oddz announced the launch on the Pangolin DEX in conjunction with the launch of the Avalanche Mainnet. We will benefit from Pangolin’s assistance in providing liquidity for our tokens on the Avalanche network. The Avalanche and Pangolin teams have audited and verified the contracts, and users can now trade Oddz tokens across the Avalanche ecosystem with the help of Pangolin.
Farms incoming [Spoiler Alert]
The launch of oddz tokens on Pangolin will also be accompanied by the launch of new farms. The farms will be updated really soon and we’ll be making guides on how to effectively farm Oddz tokens on Pangolin. Fasten your seatbelts as we encounter high APYs.
Mainnet Carnival is Live with $100,000 worth of Rewards
Oddz — Avalanche Mainnet carnival has begun and will run over the following nine weeks. A total of $100,000 in rewards is up for grabs. Participate by purchasing $500 or more in the total value of options to be eligible for a weekly $10,000 reward. It’s your only chance to win massive Oddz tokens and be a part of the Oddz family.
Jump here to know more: Telegram and Discord
About Oddz
Oddz is a trustless on-chain derivatives trading platform that expedites the execution of call and put options contracts, conditional trades, and futures. It allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional tokens agreements, and futures contracts in a fast, secure, and flexible manner.
It employs the synergies of Ethereum, Avalanche, Binance Smart Chain, Polkadot, and Polygon, to unleash the potential of a decentralized derivatives market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience.
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